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raq’s Southern Fields Oil Export Reaches 40K Barrels Day
Sunday, 02 August, 2015
Some news reports about oil sources indicated that the oil production from the southern oil fields have been improved in last couple of weeks and the production increased in the month of July, it reached up to 3.06 million barrels oil per day.
It was previously producing 3.02 million barrels oil per day till end of June 2015. This news source also said that this improvement from the southern oil fields would reflect a negative impact in the international oil market with adding extra spare oil.
It is also important that a major decision has been taken for Basra crude oil and divided it into two categories, light and heavy crude oil. It would solve the problem of quality which caused the increase in consignment rates in the month of June 2015. It also allowed increasing oil production for a number of oil companies that are working in Iraqi oil fields. The Reinforcements Oil Production in Iraq is considered as the second biggest oil producer within the OPEC (Organization of Petroleum Exporting Countries). It indicated about the continuous high level of oil production that is also focusing in improving its market share and not reducing production in order to stabilize the oil prices. Most of the experts believe that most oil exporting countries would face a major decline in oil prices in coming period./End/
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Sunday, 02 August, 2015
Some news reports about oil sources indicated that the oil production from the southern oil fields have been improved in last couple of weeks and the production increased in the month of July, it reached up to 3.06 million barrels oil per day.
It was previously producing 3.02 million barrels oil per day till end of June 2015. This news source also said that this improvement from the southern oil fields would reflect a negative impact in the international oil market with adding extra spare oil.
It is also important that a major decision has been taken for Basra crude oil and divided it into two categories, light and heavy crude oil. It would solve the problem of quality which caused the increase in consignment rates in the month of June 2015. It also allowed increasing oil production for a number of oil companies that are working in Iraqi oil fields. The Reinforcements Oil Production in Iraq is considered as the second biggest oil producer within the OPEC (Organization of Petroleum Exporting Countries). It indicated about the continuous high level of oil production that is also focusing in improving its market share and not reducing production in order to stabilize the oil prices. Most of the experts believe that most oil exporting countries would face a major decline in oil prices in coming period./End/
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